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Condensed Consolidated Statements of Financial Condition (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 399,585 $ 820,436
Cash restricted or segregated under regulations and other 29,821 35,024
Securities borrowed 1,782,982 1,722,440
Securities purchased under agreements to resell 502,470 1,512,114
Receivables from broker-dealers and clearing organizations ($22,801 and $— at fair value, as of March 31, 2024 and December 31, 2023, respectively) 1,270,404 737,724
Trading assets, at fair value:    
Receivables from customers 118,680 106,245
Property, equipment and capitalized software (net of accumulated depreciation of $336,866 and $367,779 as of March 31, 2024 and December 31, 2023, respectively) 97,436 100,365
Operating lease right-of-use assets 212,689 229,499
Goodwill 1,148,926 1,148,926
Intangibles (net of accumulated amortization of $396,660 and $381,973 as of March 31, 2024 and December 31, 2023, respectively) 242,833 257,520
Deferred tax assets 128,171 133,760
Other assets ($167,384 and $84,521, at fair value, as of March 31, 2024 and December 31, 2023, respectively) 408,586 303,720
Total assets 12,789,715 14,466,384
Liabilities    
Short-term borrowings 138,202 0
Securities loaned 1,640,521 1,329,446
Securities sold under agreements to repurchase 836,433 1,795,994
Payables to broker-dealers and clearing organizations ($90,271 and $7,661, at fair value, as of March 31, 2024 and December 31, 2023, respectively) 472,895 1,167,712
Payables to customers 33,485 23,229
Trading liabilities, at fair value:    
Financial instruments sold, not yet purchased 5,694,997 6,071,352
Tax receivable agreement obligations 196,254 216,480
Accounts payable, accrued expenses and other liabilities 365,711 451,293
Operating lease liabilities 260,483 278,317
Long-term borrowings 1,726,657 1,727,205
Total liabilities 11,365,638 13,061,028
Commitments and Contingencies (Note 14)
Virtu Financial Inc. Stockholders' equity    
Treasury stock, at cost, 47,767,427 and 45,808,351 shares at March 31, 2024 and December 31, 2023, respectively (1,202,188) (1,166,299)
Additional paid-in capital 1,380,457 1,351,574
Retained earnings (accumulated deficit) 1,017,547 1,000,403
Accumulated other comprehensive income (loss) 15,904 17,047
Total Virtu Financial Inc. stockholders' equity 1,211,722 1,202,727
Noncontrolling interest 212,355 202,629
Total equity 1,424,077 1,405,356
Total liabilities and equity 12,789,715 14,466,384
Class A    
Virtu Financial Inc. Stockholders' equity    
Common stock 1 1
Class B common stock    
Virtu Financial Inc. Stockholders' equity    
Common stock 0 0
Class C common stock    
Virtu Financial Inc. Stockholders' equity    
Common stock 0 0
Class D common stock    
Virtu Financial Inc. Stockholders' equity    
Common stock 1 1
Not Pledged    
Trading assets, at fair value:    
Financial instruments owned 4,998,078 6,127,752
Pledged    
Trading assets, at fair value:    
Financial instruments owned $ 1,449,054 $ 1,230,859